Pre-let agreements with two national brands at Biggleswade Trade Park development in Bedfordshire.
Trade kitchen supplier Howdens has signed a 15-year lease on a 7,276 sq ft unit with Screwfix agreeing a ten-year lease on a 7,513 sq ft unit.
The retailers, which expect to begin trading in the second quarter of 2023, are the first two companies to lease space at the development with a further two units under offer.
Once complete, the scheme will comprise eight counter units, totaling 42,710 sq ft.
The development is a refurbishment and part new build of a vacant industrial unit on Stratton Business Park, close to the intersection of the main A1M roundabout and the A6001 London Road.
Dunmoore has obtained planning consent for the first phase, which includes the refurbishment of the existing 24,197 sq ft unit, where Howdens and Screwfix have pre-leased their units. The new-build second phase will provide a further 18,513 sq ft of space.
Andrew Scott, director at Dunmoore, said: “We are delighted to agree the first lettings at Biggleswade with two national operators, both of which we have long standing relationships with. The speed of these pre-lets shows there is demand for quality space in the area, and we are very much looking forward to getting started on site in the coming weeks.
“We are in discussions with a number of other occupiers and hope to be in a position to announce further additions to the development in due course. As ever, we continue to look for further value-add opportunities and have funds available to deploy for the right opportunities.”
The development is part of Dunmoore’s expanding Made for Trade-branded trade counter portfolio, and its second in Bedfordshire, joining Cosgrove Trade Park in Luton.
Dunmoore’s joint letting agents are Ogle Property and Kirkby Diamond.
